(WPDE) — Governor Henry McMaster, along with the South Carolina Department of Employment and Workforce (DEW) announced that the 2026 unemployment insurance (UI) tax rates for the state will either decrease or remain the same.
UI tax costs are projected to be $40 million less than in 2025, marking the largest percentage cut since 2011.
“During every year of my administration, we have lowered or maintained UI business taxes, and 2026 will bring the largest reduction yet,” said McMaster. “South Carolina continues to attract jobs and investment because we focus on creating the most competitive and business-friendly climate in the country. These tax cuts give employers more room to hire, expand, and invest, which strengthens our economy and creates new opportunities for our people.”…